The Board of Directors (the "Board") of BAKER TECHNOLOGY LIMITED announced that the Audit Committee has been renamed as the "Audit and Risk Management Committee" with effect from the date of this announcement to better reflect the scope and responsibilities of the committee. The composition of the Audit and Risk Management Committee remains the same as the composition of the Audit Committee before the renaming, and is as follows: Mr. Lim Jun Xiong Steven (Independent Director) Chairman, Mr. Chong Weng Hoe (Independent Director), Member, and Mr. Ajay Kumar Jain (Independent Director), Member.